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Chapter 7 — Common Issues Related to Cash Flows

7.8 Government Grants

7.8 Government Grants

Government grants are a form of government assistance that may be granted to entities, either to encourage those entities to fulfill certain objectives (e.g., providing a financial grant to an entity to fund cancer research) or to assist them during times of crisis (e.g., the CARES Act). Generally, a recipient of a government grant is not expected to repay the grant provided that the recipient complies with the grant’s conditions.

Footnotes

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See Section 3.1.1.2.2 for discussion of the presentation of cash flows that result from the sale or purchase of transferable income tax credits.